JAKARTA, April 23 (Xinhua) -- Indonesia's central bank, Bank Indonesia (BI), predicted on Wednesday that the country's economic growth this year would slow to slightly below the midpoint of its previously projected range of 4.7 to 5.5 percent, citing concerns over U.S. reciprocal tariffs.
BI Governor Perry Warjiyo announced the revised forecast during a press conference, saying U.S. tariff policies could reduce overseas demand for Indonesian exports and weaken trade with partner countries.
To counter these risks, the central bank is reinforcing its monetary and macroprudential policy measures, Warjiyo added.
The central bank also decided to maintain its benchmark interest rate at 5.75 percent, aiming to safeguard the economy and stabilize the rupiah.
